7 Ways to Slash the Cost of a Funeral
In addition to the emotional toll, dying can take a heavy financial toll on the living. The median cost of a funeral runs about $8,500, according to the latest figures from the National Funeral Directors Association, including embalming, viewing, a hearse, a metal casket, a vault and some other related services. The price tag, 29.3% higher than it was a decade earlier, could come as a shock to grieving heirs and take a bite out of your estate.
There are two important points to keep in mind about the $8,500 figure. First, it doesn’t take into account some common cemetery expenses such as a burial site, marker, paid obituary and flowers. Second, it’s the median, or middle, price; some funerals can cost upward of $25,000.
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